Barwa Group

Barwa
Company typePublic
QE: BRES
Industryreal estate
Founded2005
Headquarters
Doha
,
Qatar
Servicesfinancial services
Total assetsQAR 66 billion (Dec 2011)[1]
ParentQatar Investment Authority (45%)
Websitewww.barwa.com.qa

Barwa Group (QE: BRES) is a real estate company based in Doha, Qatar. Established in 2005, it is listed on the Qatar Exchange, with 45% of its shares held by the Qatar Investment Authority, via its Qatari Diar subsidiary.[1] It is primarily active in real estate development and related financial services. It is Qatar's largest real estate group.[2] It is chaired by Salah bin Ghanim Al Ali.[3]

Projects

Mesaieed

In 2012, Barwa Group launched a construction project in the southern zone of Mesaieed to establish a large tourist resort over an area of 829 square metres (8,920 sq ft).[4]

Mesaimeer

In February 2009, a development project was launched in Mesaimeer, a district of Al Rayyan by Barwa Group.[5][6] Entailed in the project are 1,000-capacity residential housing units, a supermarket, a nursery, and a mosque; all within a gated compound.[7]

Barwa Al Baraha

Main article: Barwa Al Baraha

Barwa Group launched a project to construct Barwa Al Baraha, a city designed for laborers, in the Al Wakrah (municipality) at a budget of around $1.1 billion.[8] The project was completed in 2010.[9]

Madinat Al Mawater

The Madinat Al Mawater project is located close to Rawdat Rashid area and Salwa Road. The project holds built-up area of around 167,072 square meters, which includes apartments, used-car lots, shops and workshops. The completion of phase one of the project was announced in March 2017.[10]

Other

Barwa has been a sponsor of the Spanish motorsport Addax Team.[11]

References

  1. ^ a b Barwa Group, Our Beginning Archived August 28, 2013, at the Wayback Machine
  2. ^ arabianbusiness.com, 2 June 2013, Qatar's Barwa eyes expansion in US, UK, Turkey
  3. ^ "Barwa - Exchange Profile". Qatar Stock Exchange.
  4. ^ "Barwa to build sea tourist resort in Mesaieed Industrial City". The Peninsula Qatar. 22 March 2012. Archived from the original on 4 September 2015. Retrieved 16 August 2015.
  5. ^ "Masaken Mesaimeer & Masaken Al Sailiya". Barwa Group. Archived from the original on 2016-05-05. Retrieved 20 August 2015.
  6. ^ "Residents of Barwa Masaken are all praise". Gulf Base. 25 December 2010. Retrieved 20 August 2015.
  7. ^ "Masaken Mesaimeer". Waseef. Archived from the original on 2 December 2020. Retrieved 20 August 2015.
  8. ^ "Qatar to build $1.1bn labourer city". Arabian Business. 2 March 2008. Retrieved 16 August 2015.
  9. ^ "Barwa Village". Barwa. Archived from the original on 19 October 2015. Retrieved 6 August 2015.
  10. ^ "Phase 1 of Madinat Al Mawater project ready". Qatar-Tribune. Retrieved 2019-10-23.
  11. ^ "Abu Dhabi: Barwa Addax team say farewell to GP2 after great work from all team". www.motorsport.com. Retrieved 2022-05-18.